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The Brisbane home that looks small but has a lot going for it

first_imgLike the TARDIS, it seems bigger on the inside.Outside it a large pool area surrounded by greenery. “The pool is actually higher than the park, so if anyone walks by they can’t see you,” she said. Modern comfort.Owner Carolyn Adams bought the home a decade ago so that her family would have a good place to stay when they visited her. “My son and his wife were working overseas with a new baby and I thought if they needed to come back unexpectedly then there should be somewhere nice for them to come back to,” she said. More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours ago 11 Scarba St, Middle Park.LOOKS can be deceiving when you see the house at 11 Scarba St from the outside. From the front of the house it looks like a cosy,but small home that would only be suited for one or two people.What you cannot see from the street is how the uniquely designed home is built around the hill and the modest looking home is a lot larger than it seems.Split over two levels, the ground floor is built below the entrance to the house to fit in with the hill at the back of the property. It overlooks a council nature park.She made a few changes in recent years, including new carpets and sliding doors, but overall the home has remained the same since the day she first walked in.She was selling up to be closer to family, but she hoped that a family would get enjoyment out of the expansive home. “It has been a wonderful grandma house but for anyone with young children it would be fantastic,” she said. Bigger from the back.The home had more than enough space for her extended family.A downstairs level that faces a park has four large bedrooms, a bathroom and a separate ensuite in the main bedroom.Upstairs is for socialising with a rumpus room, kitchen dining, lounge as well as a patio that overlooks the neighbouring parkland. last_img read more

​Companies behaving badly will be post-crisis losers, say USS, BTPS

first_imgFellow panelist Morten Nilsson, CEO of the BT Pension Scheme, said that in his view, ESG was becoming much more important as a result of the pandemic.“In this situation we are in where the government response has been so bold and so extreme, paying salaries to private sector employees for quite a while – the other side of this is the expectation that these companies will do their duty and be good corporate citizens and actually repay society,” he said.This pressure would only increase, he predicted.“I think we’re seeing in quite a few countries part of the population starting to be more accepting of tax rises potentially coming out of this crisis, but I don’t think they will be more accepting of companies not behaving well on the other side of this.“I think we’re seeing in quite a few countries part of the population starting to be more accepting of tax rises potentially coming out of this crisis”Morten Nilsson, CEO of the BT Pension Scheme“My view is that will be increasingly both on the corporate side of behaving well, but also that asset owners are behaving well and perhaps the more aggressive types of capitalism won’t have a place here,” Nilsson said.Looking further ahead, Nilssen said he believed in the notion of a green post-COVID-19 recovery as a huge opportunity.“I think that if we implement that successfully, that will change the world in numerous ways and actually through growth and investment returns, it will be the right thing,” he said.Interesting opportunities in infrastructure could arise over the next few years out of the current crisis, he said, having mentioned that the BT scheme was still in the process of a long move to shift its low-yielding traditional assets to more “cashflow-aware” assets.Right now, the BT pension fund was also interested in technology investments, he said, with that sector having been performing well though the crisis.On the subject of reallocation decisions pension funds had made so far in the coronavirus crisis, Pilcher said USS had taken the opportunity to shift much of its US fixed income assets to UK equivalents.“We held quite a lot of US conventional long-dated fixed income instruments and as those frankly went to the moon and outperformed all assets – particularly as there was a flight to safety, a flight to liquidity – we used that as an opportunity to reposition a lot of those back into the UK where those equivalent assets had not performed as strongly,” he said, adding that this meant the UK debt had more scope for upward moves.USS had also had relatively little investment grade credit before the crisis, he said.“We’ve seen that as an opportunity to buy repriced and cheaper assets that we think have a structurally strong place in our pension plan so we’ve used that as an opportunity as well,” Pilcher told the panel.Looking for IPE’s latest magazine? Read the digital edition here. The chief executive officers of two major UK pension schemes told an online audience yesterday that companies behaving in a socially-irresponsible way during the coronavirus crisis will not be supported by government, consumers – or pension funds.Speaking in an online investment panel discussion, Simon Pilcher, CEO of USS Investment Management, said: “Those businesses that are going to look to exploit the current situation, and say just because I can, I will cut my workers’ wages by 20% and thus grow my bottom line […] I think they will be met with savage opprobrium.”They would be scorned in the press and probably by their consumers who would vote with their feet, the head of the UK universities pension scheme investment arm said, adding that such companies would also be “brutally treated” by governments.“Thus I would say that is a poor business decision for them to be engaged in that and that is not the sort of business we’d be backing. That’s not the sort of activity we would be encouraging,” Pilcher told the audience at the asset owners event held by Bloomberg.last_img read more